Demonetisation

Disclosure- This article is all about what i think about Demonetisation.

The title name is nowadays running on everyone’s mind. After the decision of Indian government to discontinue the usage of 500₹ and 1000₹ notes the country’s economy is being reshuffled. The current situation of our nation is “Middle class people are not getting money and the black money owners are not able to handle money”.

Although it was a clear decision to get the black money out from the holder. There’s one question that’s running on many minds of our nation and that is till the 8th November 2016 government has published 15 lac crores money of 500₹ and 1000₹ notes and from this figure already more 78% are been already deposited in the banks of entire nation. Then where’s that black money for which government took such a huge decision to make the whole country stand in queues.

Government came with decision of “GoCashless” or Digital India , once again a very good step taken but what about the people who are living under BPL. They even don’t have idea how a cashless transaction can be done. For them first a program to teach them what is cashless transaction , provide some benefits for cashless transaction and etc.

Now we are running for cashless transaction. Private company like Paytm are charging money for certain high amount of cashless transaction. If government is saying go cashless then why they are not providing any government application like Paytm in which all types of services can be provided.

Conclusion – A great step taken by government and normal public are agree to stick their steps in queue for a change .